Need to Know: Trump’s Broadcom block is just a ‘prelude’ to more China takedowns [MarketWatch]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: MarketWatch
Trump’s Broadcom block is just a ‘prelude’ to more China takedowns Today’s bellwether election in Pennsylvania already was riling up politicos. Now President Trump has nixed the biggest tech deal ever . That’s stirring up folks not just in Washington, but also on Wall Street, in Silicon Valley and over in Beijing and Shenzhen. The president has blocked Singapore-based chip giant Broadcom’s AVGO, +3.57% $117 billion hostile bid for American peer Qualcomm QCOM, -0.35% . The move comes after CFIUS — the Committee on Foreign Investment in the U.S. — said the takeover could deliver a boost to a Chinese telecom giant, Huawei, that some see as a possible spy threat . “He has an adversary list, and he will not work with the adversaries,” says Ron Napier of Napier Investment Advisors in a CNBC interview. “You have to look at that as being a prelude into very strong U.S. actions against Chinese trade over the next several weeks,” adds the former Salomon Brothers chief Asian economist, for
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AVGO
Earnings
- 3/7/24 - Beat
AVGO
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- AVGO's page on the SEC website